Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $58.00

Dutch Bros Inc. (NYSE:BROS) has been given an average rating of “Buy” by the thirteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $58.00.

Several research firms have issued reports on BROS. Robert W. Baird raised shares of Dutch Bros from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $70.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus boosted their price target on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Dutch Bros Stock Performance

NYSE BROS opened at $60.13 on Thursday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 207.34, a PEG ratio of 3.34 and a beta of 2.71. The stock has a 50-day moving average of $54.79 and a 200 day moving average of $42.04. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $61.33.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. The trade was a 96.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 560,698 shares of company stock valued at $19,040,697. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. R Squared Ltd acquired a new stake in shares of Dutch Bros during the 4th quarter worth about $25,000. Jamison Private Wealth Management Inc. boosted its stake in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management increased its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.